Shipbuilding Strength
China maintained its top position in the global shipbuilding market in 2023, with strong growth in both output and new orders, industry data showed.
The country’s shipbuilding output in 2023 climbed 11.8 percent year on year to 42.32 million deadweight tons (DWTs), a measurement of a ship’s total contents, accounting for 50.2 percent of the world’s total, according to data from the Ministry of Industry and Information Technology.
New orders surged 56.4 percent year on year to 71.2 million DWTs, taking up 66.6 percent of the world’s total during the period, figures from the ministry showed.
The sector’s holding orders totaled 139.39
